The Security Exchange Board of India (SEBI) vide their Circular No.MRD/DoP/ Cir-05/2009, dated May 20, 2009, has instructed that, for securities market transactions and off market / private transactions, involving transfer of shares in physical form of listed companies, it is mandatory for the transferee(s) / buyers to furnish a copy of the PAN card to the company / RTA for registration of such transfer of shares

The Link for the copy of the SEBI circular is placed below for easy access to the investors.